# PPP loan: NEWTON ELECTRICAL COMPANY, INC
> **$312K** approved 04/11/2020 · Paid in Full · Loan `2821327101`
## Borrower
- **Name:** NEWTON ELECTRICAL COMPANY, INC
- **Address:** 48 MECHANIC ST, NEWTON UPPER FALLS, MA, 02464-1436
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 21
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*